Africa Oil Announces Jethro-lobe Spud Offshore Guyana

Company Africa Oil Corp 
Tags Upstream Activities
Date July 05, 2019

Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on the Jethro-Lobe prospect on the Orinduik Block. View PDF version.

Jethro-Lobe was spud at 22:45 (local Guyana time) on July 4, 2019 using the Stena Forth drillship.

Partners on the Orinduik Block comprise Tullow Guyana B.V. ("Tullow", Operator, 60% Working Interest ("WI"), Total EP Guyana BV ("Total", 25% WI) and Eco (Atlantic) Oil & Gas Ltd. ("Eco", 15% WI).  Africa Oil holds an approximately 18.8% equity interest in Eco.

The partners estimate the well will take up to 40 days to drill. Jethro Lobe is the first prospect to be drilled as part of a two-well program and will be immediately followed by the drilling of an exploration well on the Joe prospect. 

Jethro Lobe will test Lower Tertiary aged turbidites and will also be drilling down into the Cretaceous targets. The well will be drilled in approximately 1,350 meters of water. 

The success by ExxonMobil and their partners in the neighbouring Stabroek Block has aided the geological assessment of the many similar channel systems in the Orinduik Block.  There are currently fifteen strong leads and prospects identified on the Orinduik Block. Orinduik sits adjacent and updip to Stabroek where thirteen discoveries have been announced.  

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd